"He did not issue press releases about the five mobile home parks his companies acquired in Florida for about $3 million in the two years before he was nominated to become the F.H.F.A. director in January. Recent visits to two of the mobile home parks revealed a broken fence and overflowing trash bins. The dozen or so trailers at the parks were aging. Some had windows covered with faded American flags and cardboard. Duct tape patched torn screens."
"Documents show Mr. Pulte was the signatory on a $2 million mortgage taken out on three of the properties in August 2024. The woman listed as an agent on some of the mobile home parks also works in his charitable organization. In January 2024, he told an interviewer on an investing podcast that the "Pulte Family" was buying mobile home parks and planning to revamp them amid a market of rising rents."
Bill Pulte acquired five mobile home parks in Florida for about $3 million in the two years before his FHFA nomination. Recent visits found broken fences, overflowing trash, aging trailers, windows covered with flags and cardboard, and duct-taped screens. Documents list Pulte as the signatory on a $2 million mortgage for three properties, and an agent connected to some parks also works in his charitable organization. He said the family planned to revamp the parks into "nice communities" amid rising rents, but residents reported slow repairs, rising rents, weekly payment schedules, threats of removal, and out-of-pocket repairs.
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